Sugar
beautiful head and shoulder patternthis chart has shown a beautiful head and shoulder pattern this chart can give breakout any time
buy after break out extremely bullish for this stock
buy buy buy!!!!!
targets and stop loss mentioned
it s a weekly chart targets will be achieved in the span of 3 months to 10 months
Race start in Sugar Sector* Before i had already share balrampurchini before breakout and now all sugar stocks breakout from its liftetime high price . Now find out yours sugar stocks becoz all sugar stocks now ready for fly . Only negative point particularly in this stock is volume is in downtrend i will assume within one to two week volume breakout will happen .
Kindly Let us know if you have any question .
Balrampur chini mills ltd in Elliot WavesBalrampur chini is clearly following elliot wave paterns with 5 impulse waves and corrective waves, we can see a start of 3rd Wave in the stock. The 3rd wave will also have up ward and down ward movement with a potential upside of 35 - 45 points.
1st wave had an upside of 50 points from 85 to 135
2nd wave had and upside of 40 points from 125 to 165
3rd wave, from the movement of internal impulse waves we can guess the upside of 3rd wave so watch and trade accordingly.
With the festival season around the corner we can expect a demand in domestic sugar consumption and with Covid the use of sanitizers every where the company also increased its production of ethanol.